QBE Insurance (Australia) has been ordered to pay over $2.6 million in compensation to cover losses after a series of mishaps led to the collapse of steel product manufacturer Independent Tube Mills in 2014.
Bannister Law is investigating a possible class action against providers of direct life insurance, in the wake of an ASIC report that found many insurers used aggressive sales tactics and didn’t provide consumers with enough information about the products they sold.
The alleged masterminds behind the $130 million Plutus Payroll tax fraud have been barred by the Full Federal Court from using insurance to cover their $300,000 legal bill in two criminal proceedings.